SHAREHOLDER VALUE

Share value is a criterion for estimating the performance of managers.

It is traditionally analyzed as favoring the profitability of capital.

On the contrary, we can see it as a measure of the transformation of profitability into asset value. The development of shareholder value, far from opposing in these conditions the provider of funds and the other contributors to the development of the company becomes the method to be associated with the development of the patrimony. The development of employee shareholding, like the investment of pension funds in the company, is thus a means for the employee to capitalize in the company rather than to derive an immediate profit from it.